[email protected] 48032091-4
[email protected] 48032091-4

Course Details

Open Account Trade: International Factoring and other Secured Financing Products

  • Title : Open Account Trade: International Factoring and other Secured Financing Products
  • Course TYPE : Training Workshop
  • Course No : TW21/2021
  • Duration : 02
  • Frequency : 01
  • Time : Wednesday 10th of March 2021 - Thursday 11th of March 2021
  • Nature: Online
  • Target Group : Senior Principal Officer or Equivalent Officer and above
  • Methods : Lecture, Group Discussion, Case Study, Panel Discussion and Formulation of Recommendation
  • Resource Person: BIBM Faculty and Professionals from Financial and other Institutions
  • Coordination Team :
    1 . Tofayel Ahmed
    2 . Rahat Banu
  • Objectives:

     

    1. To acquaint the participants with the concepts, types, and operational procedures of different trade financing products under Open Account

    2. To discuss the current status, and challenges of operating trade financing products under Open Account

     

  • Contents:
    1. An Overview of International Trade Payment Methods
    2. Operational Procedures of Open Account Backed by International Factoring,
    3. International Factoring: Concept, Necessity, Benefits, and Opportunities
    4. Variants of International Factoring
    5. International Factoring: FCI and General Rules for International Factoring (GRIF)
    6. International Factoring: Procedural Guidelines in Bangladesh
    7. Risk Management and Dispute Settlement in Domestic and International Factoring
    8. Export Under Open Account backed by Guarantee/ Standby LC, Payment Commitment and Receivable Discounting and Credit Insurance
    9. Regulatory Framework for Export under Open Account against Risk Coverage
    10. Risks and Costs Involved in Trade Financing for Export under Open Account against Risk Coverage

1. BIBM member banks can access the online nomination form before forty (40) days of the commencement of programs. BIBM member banks can nominate a maximum number of three (03) participants for a Training Course / Training Workshop. The maximum number of participants in each Training Course / Training Workshop is 40. However, if the number of total nominees exceeds the maximum number, a final list of 40 participants will be prepared by the BIBM authority which will be available online five (05) days prior to the commencement of the Training Course / Training Workshop. Information in regard to rejection of any nomination will be communicated to the concerned bank at least three (03) days before the commencement of the Training Course / Training Workshop. No participant under the target group/level is allowed to participate in any Training Course / Training Workshop.

2.  All member banks are required to pay Tk.1000 per day per participant including holidays (if any) as a course fee. All charges are excluding VAT and Tax.

3. The pay order/bank draft drawn in favor of ‘Bangladesh Institute of Bank Management” has to be sent at least seven (07) days prior to the commencement of the Training Course / Training Workshop.

4. BIBM will send Meeting ID to the nominated participants (through email) to join the zoom meeting app-based interactive session. Moreover, the course Coordination Team and BIBM Training Wing will regularly communicate with the nominated participants for further updates.

5. The Training for each day will be as follows:

1st Session: 11.00 am – 12.00 pm      

2nd Session 12.05 pm – 13.05 pm

Lunch & Prayer Break: 13.05 pm – 14.05 pm

3rd Session 14.05 pm – 15.05 pm

4th Session 15.10 pm – 16.10 pm